Z-score
Definition of Z-score
Z-score: A z-score is a statistic that measures how far a particular observation is from the mean, in standard deviations.
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Mean
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Definition of Mean Mean: Mean is a mathematical calculation used to calculate the average of a set of numbers. How is the Mean used? The Mean is a statistical measure used in data analysis and machine learning to evaluate the central tendency of a given set of numerical values. It is calculated by adding up…
Econometrics
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Definition of Econometrics Econometrics is a quantitative research field in economics that uses mathematical and statistical methods to analyze economic data. What is Econometrics used for? Econometrics is an empirical branch of economics that uses statistical methods to analyze economic data and evaluate theories. It utilizes mathematical models and statistical concepts to study a variety…
Data Model
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Definition of Data Model Data Model: A data model is a conceptual representation of data that is used to understand and design systems. A data model is a conceptual framework that defines how data is structured and how it is accessed. A data model can be used to represent data in a database, in a…
Normalization
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Definition of Normalization Normalization: Normalization is the process of standardizing data so that it has a consistent meaning across different data sets. This can be done by ensuring that all values in a data set are within a certain range, or by converting all data to a single numerical representation. Normalization can make it easier…
Natural Language Processing (NPL)
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Definition of Natural Language Processing (NPL) Natural Language Processing (NPL): Natural language processing (NLP) is a field of computer science and linguistics that deals with the interaction between computers and human languages, and with the development of software that can understand natural language.
Open Source
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Definition of Open Source Open Source: Open source refers to software for which the original source code is made freely available and may be redistributed and modified.